XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF Forecast
Evaluation of XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF downgraded after the last trading session.
(Updated on Apr 18, 2024)
The XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF price gained 0.123% on the last trading day (Thursday, 18th Apr 2024), rising from $24.35 to $24.38. During the last trading day the ETF fluctuated 0.411% from a day low at $24.36 to a day high of $24.46. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately $59.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.11% during the next 3 months and, with a 90% probability hold a price between $25.55 and $28.18 at the end of this 3-month period.
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ASHR Signals & Forecast
The XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.03 and $24.33. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -2.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF
XTRACKERS HARVEST CSI 300 CHINA A-SHARES finds support from accumulated volume at $23.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.100 between high and low, or 0.411%. For the last week the ETF has had daily average volatility of 0.508%.
Our recommended stop-loss: $23.48 (-3.69%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (ASHR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF to open at $24.40, and during the day (based on 14 day Average True Range), to move between $24.11 and $24.65, which gives a possible trading interval of +/-$0.267 (+/-1.10%) up or down from last closing price. If XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.51 (0.53%) than the support at $23.73 (2.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF ETF A Buy?
XTRACKERS HARVEST CSI 300 CHINA A-SHARES holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.485 Hold/Accumulate Downgraded
Predicted Opening Price for XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $24.40 ( 0.0820%) | $24.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASHR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.50 | 0.492 % | |
| R2 | 24.46 | 0.336 % | ||
| R1 | 24.44 | 0.239 % | ||
| Current price: | 24.38 | |||
| Support | S1 | 24.36 | -0.0747 % | |
| S2 | 24.34 | -0.171 % | ||
| S3 | 24.30 | -0.328 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.89 | 2.09 % | |
| R2 | 24.79 | 1.68 % | ||
| R1 | 24.51 | 0.533 % | ||
| Current price | 24.38 | |||
| Support | S1 | 23.73 | -2.67% | |
| S2 | 23.14 | -5.09% | ||
| S3 | 22.56 | -7.47% |
ASHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.593 | 2.56% |
| 2 | Mar 04, 2022 | Dec 16, 2022 | Dec 23, 2022 | $0.316 | 1.15% |
| 3 | Dec 16, 2021 | Dec 17, 2021 | Dec 27, 2021 | $0.345 | 0.89% |
| 4 | Dec 17, 2020 | Dec 18, 2020 | Dec 28, 2020 | $0.325 | 0.83% |
| 5 | Dec 17, 2019 | Dec 18, 2019 | Dec 24, 2019 | $0.290 | 1.01% |
FAQ
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